The company offers accommodation to travellers for shorter stays and bills them on hourly rates. Headquartered in Chennai, FreshUp services are currently available in Hyderabad and Tirupathi.

The company said the investment will be used for expansions across Andhra Pradesh, Telangana, Tamil Nadu, Kerala and Karnataka.

CHENNAI: Hospitality start-up FreshUp on Monday said that it has raised $1.5 million through seed funding from Lotus Global Investments, a Singapore based firm.

The company said the investment will be used for expansions across Andhra Pradesh, Telangana, Tamil Nadu, Kerala and Karnataka. The company offers accommodation to travellers for shorter stays and bills them on hourly rates. Headquartered in Chennai, FreshUp services are currently available in Hyderabad and Tirupathi.

Vinil Reddy, CEO – FreshUp said, “We believe that this progress will impact our business in a positive way and will help us to expand throughout the south in a rapid and phased manner. We are assertive that we will be able to launch at least 20 outlets by the end of next calendar year.”

The company is also looking to work with small-scale entrepreneurs willing to invest in their properties.